SC rejects telcos’ plea for AGR re-computation

NEW DELHI: In a setback to the telecom service providers, the Supreme Court on Thursday dismissed the petition of telecommunication companies seeking re-computation of adjusted gross revenue (AGR) dues.

The telecom companies had approached the court, claiming several errors in calculation of dues, which exceeded Rs 1 lakh crore. A bench comprising Chief Justice of India DY Chandrachud, Sanjiv Khanna, and BR Gavai dismissed the curative petitions, stating that no valid case was made out within the parameters set by the court’s decision.